Press Release Archives

The nation’s first 4G LTE wireless company focused exclusively on current and former members of the U.S military and their families is officially launching today. With a mission to connect and improve the lives of those who have served, Defense Mobile, based in Stamford, CT, has partnered with the three largest carriers in America to deliver the best 4G LTE wireless coverage at great savings to its members. The company is making it easy for those who have served and their families to switch service Continue reading →

Disruptor Beam, the company that brings together worldwide fan communities with authentic games based on iconic worlds, has today announced it has secured a $3.2 million Series A funding round. The new funds will go towards the continued development of the company’s next game, Star Trek Timelines, as well as towards its community- centric gaming platform. In addition, new funds will help the company in its efforts to secure additional IPs for future game products, as well as to expand its team across all disciplines. Continue reading →

Mavrck has closed $2.5 million in Series A funding from GrandBanks Capital

To accelerate its leading position in mobile advertising, Millennial Media (NYSE: MM) today announced it has signed a definitive agreement to acquire Nexage for approximately $107.5 million in cash and stock, subject to certain adjustments. Based in Boston, privately held Nexage is a leading provider of Real-Time-Bidding (RTB) technology that helps to automate the buying and selling of mobile advertising. “We are in a very exciting time right now as we help to build, educate and advance the role of RTB and programmatic solutions to Continue reading →

Brand spend grew 153 percent and represented 70 percent of total spend at peak

TIM Group is pleased to announce that we are in receipt of £2 million strategic debt financing, from Barclays, to support the creation of new revenue streams. The deal will enable us to continue investing in product development and tap into new sources of revenue. It is made up of a £1.5 million term loan and a £0.5 million overdraft facility. Robert Bernstein, CFO of TIM Group said, “We’ve been working hard to develop our client product offering, which is beginning to open up new Continue reading →

Silicon Laboratories Inc. (Nasdaq: SLAB), a leader in high-performance, analog-intensive, mixed-signal ICs, today announced it has signed a definitive agreement to acquire Boston-based Ember Corporation for initial consideration of $72 million, subject to an adjustment for certain working capital amounts and potential earn-out consideration. Ember is a late-stage private company offering market-leading silicon, software and development tools for 2.4 GHz wireless mesh networking solutions being deployed in smart energy, connected home, security, lighting, and many other monitoring and control applications. This strategic acquisition brings Silicon Continue reading →

KnowledgeVision Systems, the leader in online video presentation solutions, has closed a $1.65 million round of financing from institutional and private investors. The new investment will help expand products and services for KnowledgeVision’s growing enterprise customer base, as well as its “KnowledgeVision Anywhere” initiative in mobile presentations. KnowledgeVision’s cloud-based services make it easy to create interactive video experiences by synchronizing presentation slides with video or audio streams, reference links, navigation, searchable transcripts, and social media tools. These online presentations are used for e-learning, content marketing, Continue reading →

Groupon (http://www.groupon.com) (NASDAQ: GRPN) announced today it has acquired Savored (http://www.savored.com), a leading provider of reservations at the best restaurants across the United States. Terms of the deal were not disclosed. More than 1,000 restaurants nationwide have used Savored’s unique platform for yield management. After booking a reservation on Savored.com and visiting the restaurant, diners enjoy up to a 40% discount applied automatically to their bill. Merchants enjoy incremental revenue for tables that would otherwise be empty, and consumers are incentivized by the ‘built-in’ discount Continue reading →

Advertisers can now integrate high-quality selfies into their mobile ad campaigns and showcase products in 3D panoramic mode, enabled through a partnership between leading mobile advertising platform Opera Mediaworks and Celtra, creative, analytics and optimization platform for display advertising. The partnership, announced today, brings together Celtra’s expertise in empowering advertisers to deliver meaningful, highly-captivating brand messages to their audiences in the most effective and measurable manner and Opera Mediaworks’ vast global ad platform, which serves 64 billion impressions a month to more than 800 million Continue reading →